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The Taiwan Stock Exchange announced last year that its Corporate Governance Evaluation will be upgraded to an ESG Evaluation starting in 2026, with the first set of ESG indicators released. (Image: iStock)
The Taiwan Stock Exchange’s Corporate Governance Evaluation traditionally focused on the implementation of governance systems, including board operations, information disclosure, and the protection of shareholder rights.
As ESG becomes a standard in international capital markets, the Exchange will upgrade the evaluation to an ESG framework starting in 2026, expanding its scope from governance to include environmental and social dimensions.
Within the environmental pillar, energy and carbon management indicators have been significantly strengthened. Newly introduced metrics include:
- Indicator E-9: Whether the company discloses its energy usage data for the past two years
- Indicator E-15: Whether the company has formulated and disclosed strategies and measures to promote natural carbon sinks, along with implementation progress
These changes signal a clear shift from evaluating institutional compliance to requiring companies to disclose concrete energy data and carbon strategy planning. The following sections provide a detailed analysis of the relevant indicators.